Log inSign up

AP Microeconomics Flashcards: Price Elasticity Of Supply

Study Price Elasticity Of Supply in AP Microeconomics with focused flashcards that help you recognize the idea, recall the key rule, and apply it in practice-style prompts.

QUESTION

Choose the supply elasticity: long run.

Tap card or press Space to flip

ANSWER

Elastic. Sufficient time enables full production capacity adjustments.

1 / 39

AP Microeconomics: Supply and Demand

You are herePrice Elasticity of Supply39 cards

All flashcards

39 cards

What this deck covers

This deck focuses on Price Elasticity Of Supply, giving you a quick way to review the definitions, rules, and examples that matter most for AP Microeconomics.

How to use these flashcards

Work through these flashcards in short sessions. Try to answer each prompt before flipping the card, then revisit any cards you miss until the explanation feels automatic.

Practice questions

1 of 19Practice questions for this set
Using the supply data shown for a local bakery's cupcakes in the next week (the bakery has limited oven capacity and cannot add new ovens in that time), calculate the price elasticity of supply between Point A and Point B using the midpoint method. Point A: P=$10perdozen,$Qs=40P = $10 per dozen, $Q_s = 40 dozen Point B: P=$12perdozen,$Qs=48P = $12 per dozen, $Q_s = 48 dozen
Choose an answer

Keep your progress across every deck

Free account · cards you mark are saved to it